What is Borg banking?

Team-Borg Suite
2017-12-13 08:27

Borg banking is used to update receipt, Payment, Contra entries etc. & consists of 3 menu tabs -1) Add bank transaction   2) List bank transaction 3) Add opening balance.

Add bank transaction:  It is used for updating payment line receipt from customers, Payment to vendors, Salary to employees, Loan, Investment, Contra etc

List bank transaction:    This section lists all financial transactions entered or updated through “add bank transaction” followed by search features to audit or for analysis by either CXOs or decision makers.

Add opening balance: This section allows you to update previous year closing balance as a opening balance for the current financial year if different platform was being user in previous year other than BORG Suite.

Tags: Accounting & Finance
Average rating: 0 (0 Votes)

You cannot comment on this entry